An increase in technology will always produce economic growth in society
A. True
B. False
A. True (If there is the development of new technology like computers, machines, it means workers will be able to do produce more.)
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Refer to the information above. What will be the equilibrium level of GDP if taxes are reduced by 10?
A) 460 B) 470 C) 510 D) 520
_____ believe that the primary causes of the Depression were autonomous declines in aggregate demand initiated by shocks to the IS curve
a. Monetarists. b. classical economists. c. early and late Keynesians. d. early Keynesians only.
All of the following are considered to be unemployed EXCEPT
A) job leavers. B) discouraged workers. C) job reentrants. D) new job entrants.
On December 16, 2008, the FOMC announced it would lower its target for the federal funds rate to between ________ and ________?
a. 0 ; .50 b. 1; 1.85 c. 0; .25 d. 1; 2